LyondellBasell Industries (NYSE:LYB) Shares Sold by Ballentine Partners LLC

Ballentine Partners LLC decreased its holdings in LyondellBasell Industries (NYSE:LYB) by 9.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,054 shares of the specialty chemicals company’s stock after selling 321 shares during the quarter. Ballentine Partners LLC’s holdings in LyondellBasell Industries were worth $293,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Busey Bank grew its position in LyondellBasell Industries by 1.0% in the third quarter. Busey Bank now owns 64,257 shares of the specialty chemicals company’s stock worth $6,162,000 after buying an additional 607 shares during the last quarter. DT Investment Partners LLC grew its position in LyondellBasell Industries by 3.0% in the third quarter. DT Investment Partners LLC now owns 10,725 shares of the specialty chemicals company’s stock worth $1,029,000 after buying an additional 314 shares during the last quarter. apricus wealth LLC grew its position in LyondellBasell Industries by 5.1% in the third quarter. apricus wealth LLC now owns 32,063 shares of the specialty chemicals company’s stock worth $3,075,000 after buying an additional 1,555 shares during the last quarter. Assenagon Asset Management S.A. grew its position in LyondellBasell Industries by 19.8% in the third quarter. Assenagon Asset Management S.A. now owns 14,319 shares of the specialty chemicals company’s stock worth $1,373,000 after buying an additional 2,368 shares during the last quarter. Finally, Impact Partnership Wealth LLC boosted its stake in LyondellBasell Industries by 2.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 6,977 shares of the specialty chemicals company’s stock worth $669,000 after purchasing an additional 190 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

Shares of LYB opened at $87.71 on Tuesday. The company has a market capitalization of $28.56 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 1.69 and a beta of 1.07. LyondellBasell Industries has a one year low of $86.87 and a one year high of $107.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 1.28. The company’s fifty day moving average price is $94.36 and its 200 day moving average price is $96.36.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.23 by $0.01. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The firm had revenue of $10.56 billion for the quarter, compared to the consensus estimate of $10.44 billion. During the same quarter last year, the firm posted $2.44 EPS. The business’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, analysts expect that LyondellBasell Industries will post 7.53 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were issued a dividend of $1.34 per share. The ex-dividend date was Monday, August 26th. This represents a $5.36 annualized dividend and a dividend yield of 6.11%. LyondellBasell Industries’s payout ratio is 82.84%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. Royal Bank of Canada decreased their price objective on shares of LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, October 11th. Barclays decreased their price objective on shares of LyondellBasell Industries from $101.00 to $99.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Finally, UBS Group decreased their price objective on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $106.33.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.